Monday, December 6, 2021  | 30 Rabiulakhir, 1443
Samaa TV
Facebook Twitter Youtube
HOME > News

Manora cantonment auctions off its beach to Dreamworld for Rs55m

Contract for five years

SAMAA | - Posted: Sep 29, 2021 | Last Updated: 2 months ago
Posted: Sep 29, 2021 | Last Updated: 2 months ago

The space has a ground plus two floor building along with four tuck shops near the Varun Dev Mandir. Photo: Manora Cantt

The Cantonment Board Manora has auctioned its beach for a resort to Dreamworld Company for five years after it became the highest bidder at Rs11,100,000 for a year’s payment.

In August, the cantonment board advertised in leading newspapers that it was going to hold a mega auction for a Manora Beach Resort. The advertisement stated that it would go to the highest bidder and the auction was held September 8.

The Manora Beach Resort was auctioned for a monthly rental for a period of five years. Cantonment board officials told SAMAA Digital that Dreamworld would pay Rs925,000 per month. The agreement can be extended for a further five years if the performance is satisfactory and no complaints are received from the public or higher authorities.

The two storey building at Manora Dreamworld Resort

“A proper agreement will be done within a month with Dreamworld,” a CBM official added.

The resort is a commercial project of the cantonment board called “Manora Beach Resort”. It comprises a ground plus two floor building along with four tuck shops near the Varun Dev Mandir. There is an open area of 1,562 square yards at the beach view site. This infrastructure has been constructed by the cantonment and handed over to Dreamworld for further renovation. Dreamworld will have to design and install décor.

Dreamworld has been running a resort, hotel and golf course next to Gulshan-e-Maymar off the main Super Highway for the last 25 years. It was established in 1996.

In order to take part in the auction, every bidder would have to submit Rs5 million in a bank draft or pay order in the name of the Cantonment Executive Officer had to be deposited prior to start proceedings. The money would be returned to unsuccessful bidders except for the highest and second highest bidders, till the sanction or rejection of the successful highest bid by the board. Raas Logistics was the second highest bidder among the four parties that took part in the auction.

Now Dreamworld will have to deposit six months rent as security (refundable after the successful completion of a five-year term or extended one, whichever is earlier), within 15 days of the auction. It will have to pay six months advance rent within 30 days of the approval and post-date checks for the remaining rent of 48 months.

The rent will be the same up to the first three years and after that it will be enhanced annually. The cantonment board will decide how much to increase it under the powers granted in the Cantt Act, 1924.

FaceBook WhatsApp

One Comment

  1. Faraz sheikh  October 8, 2021 11:17 am/ Reply

    Good idea… People will have a clean place

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp


Walls at MQM’s Lal Qila Ground demolished, DC shows surprise
PTI leader Jalal Bachlani shot in Karachi
Lahore bypolls: PLMN reclaims NA seat amid low turnout claims
PM Imran Khan to inaugurate Karachi BRT on December 10
Vehari thief steals monocle glass from Jinnah’s statue
Sialkot incident: Six more suspects arrested, 124 held so far
Balochistan gets first snowfall as Swat, Kalam blanketed
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp